Sensex hits record high on strong FII inflows
The S&P BSE Sensex hit a record high last week on continued foreign funds inflow. The 50-unit CNX Nifty attained its highest closing level in nearly three years. Investors' sentiment improved after the Reserve Bank of India (RBI) eased liquidity situation by cutting marginal standing facility (MSF) to 8.75% in its monetary policy on Tuesday, 29 October 2013. Data showing strong growth in infrastructure sector output in September 2013 also boosted investor sentiment.
Key benchmark indices edged lower on Monday, 28 October 2013. The S&P BSE Sensex shed 113.24 points or 0.55% to settle at 20,570.28. The CNX Nifty shed 43.80 points or 0.71% to 6,101.10.
Key benchmark indices surged on Tuesday, 29 October 2013, as the Reserve Bank of India (RBI) after a monetary policy review raised its main lending rate viz. the repo rate by 25 basis points as expected and simultaneously decided to infuse liquidity into the banking system. The S&P BSE Sensex jumped 358.73 points or 1.74% to settle at 20,929.01. The CNX Nifty surged 119.80 points or 1.96% to settle at 6,220.90.
Key benchmark indices edged higher on Wednesday, 30 October 2013, on strong global cues. The S&P BSE Sensex garnered 104.96 points or 0.5% to settle at 21,033.97. The CNX Nifty was up 30.80 points or 0.5% to 6,251.70.
Key benchmark indices surged on Thursday, 31 October 2013, with market sentiment boosted by data showing that foreign funds remained net buyers of Indian stocks on Wednesday, 30 October 2013. The S&P BSE Sensex garnered 130.55 points or 0.62% to settle at 21,164.52. The CNX Nifty jumped 47.45 points or 0.76% to settle at 6,299.15.
Key benchmark indices hit record high on Friday, 1 November 2013, as market sentiment was boosted by data showing that foreign funds made massive purchases of Indian stocks on Thursday, 31 October 2013. Data showing strong growth in infrastructure sector output in September 2013 also boosted investor sentiment. The S&P BSE Sensex was up 32.29 points or 0.15% to 21,196.81. The CNX Nifty was up 8.05 points or 0.13% to 6,307.20.
The total turnover on BSE amounted to Rs 2734 crore, higher than Rs 2534.07 crore on Thursday, 31 October 2013.
The market breadth, indicating the overall health of the market, was positive. On BSE, 1,405 shares rose and 1,047 shares fell. A total of 168 shares were unchanged.
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